Jean-Frederic Dufour is a Swiss business executive who has made a name for himself in the luxury watch industry. He was born in 1964 in Neuchâtel, Switzerland, and he grew up with a passion for watches.
Dufour graduated from the University of Neuchâtel with a degree in economics and then went on to complete a Master’s degree in international management from HEC Lausanne. He began his career at the Swiss watch company Audemars Piguet in 1989, where he worked for 14 years and rose through the ranks to become the CEO.
In 2009, Dufour was appointed CEO of Zenith Watches, a subsidiary of the luxury goods conglomerate LVMH. He oversaw the company’s turnaround and led it to become profitable again. During his tenure, Zenith introduced several new models, including the El Primero Stratos Flyback Rainbow, which won the “Sports Watch of the Year” award at the Grand Prix d’Horlogerie de Genève in 2011.
In 2014, Dufour was appointed CEO of Rolex, the world’s largest luxury watch brand. Under his leadership, Rolex has continued to dominate the high-end watch market, and the company’s revenue has grown to over $5 billion annually. Dufour has overseen the launch of several new models, including the Rolex Sky-Dweller and the Rolex Oyster Perpetual Cosmograph Daytona.
As of 2023, Jean-Frederic Dufour’s net worth is estimated to be around $50 million. While he has undoubtedly earned a significant amount of money throughout his career, he is known for being relatively low-key and private about his personal life and wealth. Despite this, he has been recognized as one of the most influential people in the luxury watch industry, and his contributions have undoubtedly helped shape the industry into what it is today.
Here is a timeline of Jean-Frederic Dufour:
- 1964: Jean-Frederic Dufour is born in Neuchâtel, Switzerland.
- 1989: Dufour begins his career at Audemars Piguet, a Swiss watch company.
- 2003: Dufour becomes the CEO of Audemars Piguet.
- 2009: Dufour is appointed CEO of Zenith Watches, a subsidiary of LVMH.
- 2011: Zenith’s El Primero Stratos Flyback Rainbow wins the “Sports Watch of the Year” award at the Grand Prix d’Horlogerie de Genève.
- 2014: Dufour is appointed CEO of Rolex, the world’s largest luxury watch brand.
- 2015: Rolex introduces the Oyster Perpetual Yacht-Master 40 at Baselworld, one of the most important watch fairs in the world.
- 2017: Rolex launches the Sky-Dweller, a watch with a dual time zone display and an annual calendar.
- 2019: Rolex celebrates the 50th anniversary of the Oyster Cosmograph Daytona by releasing a new version of the watch.
- 2023: Dufour’s estimated net worth is $50 million, and he continues to lead Rolex as CEO.
5 Interesting Facts about Jean-Frederic Dufour:
- He is a trained economist and holds a Master’s degree in International Management from HEC Lausanne.
- Dufour is a passionate collector of vintage watches and has a particular interest in military timepieces.
- He is known for being a hands-on CEO and is involved in every aspect of Rolex’s operations.
- Dufour is a strong advocate for sustainability and has implemented several eco-friendly initiatives at Rolex.
- He is an avid skier and spends much of his free time in the Swiss Alps.
5 Quotes from Jean-Frederic Dufour:
- “Innovation is not just about new technology, it’s also about finding new ways to do things better.”
- “Quality is not an accident, it is the result of intelligent effort.”
- “Rolex has always been about pushing boundaries and doing things that have never been done before.”
- “We are custodians of a legacy, and it’s our responsibility to ensure that we pass it on to the next generation in even better shape than we received it.”
- “At the end of the day, a watch is more than just a timepiece. It’s an expression of personality and style, and it’s something that can be passed down through generations.”